Miami, FL
Neutral$5.37M
Sample Luxury Median List ($2M+ Houses)
Broad market median +2.9% YoY → $674,000
- Active $2M+ Listings571 · +0.7% MoM
- Price Range$2.395M – $19.8M
- Metro Luxury ZHVI$900,422 · −1.7% YoY
- City DOM107 days
- Days to Pending59 days
- Sale-to-List Ratio0.963
- Metro Inventory6,228 for-sale
Neutral — Deep Luxury Selection
Miami's luxury tier remains deep with 571 active $2M+ listings — offering discerning buyers genuine selection, while a luxury sample median of $5,367,500 confirms elite demand holds firm at the top.
Palm Beach, FL
Neutral · Miami MSA$2.27M
Sample Luxury Median List ($2M+ Houses)
City median +14.3% YoY → $2,725,000
- Active $2M+ Listings363
- New Listings60 this period
- ZHVI Typical Value$2,070,045 · −1.3% YoY
- City DOM118 days
- Days to Pending104 days
- MoM Price Change+0.9%
- Metro Zillow DataRolls into Miami MSA
Strongest Price Growth in Report
Palm Beach's 14.3% year-over-year price appreciation signals sustained demand on Florida's most coveted island — part of the Miami-Fort Lauderdale MSA with broader South Florida tailwinds.
Naples, FL
Cool$3.35M
Sample Luxury Median List ($2M+ Houses)
Broad market median −9.6% YoY → $1,175,000
- Active $2M+ Listings743 ← Most Inventory
- MoM Change−3.3%
- Price Range$2.0M – $10.75M
- Metro Luxury ZHVI$1,339,719
- ZHVI Typical Value$551,996 · −5.8% YoY
- City DOM81 days
- Days to Pending64 days
Buyer's Market — Deepest Luxury Supply
Naples leads all tracked markets with 743 active luxury listings — the deepest buyer inventory in the dataset. A buyer's market with room to negotiate, particularly below $5M.
Hamptons, NY
Neutral · Non-Metro$4.795M
Sample Luxury Median List ($2M+ Houses)
Median sale price $3,450,000 (low-volume series)
- Active $2M+ Listings34
- MoM ChangeStable
- Price Range$2.5M – $7.7M
- ZHVI Typical Value$1,986,818 · −2.6% YoY
- City DOM54 days
- Days to Pending139 days
- Homes Sold3 (ultra-low volume)
Highest Luxury Median in Report
The Hamptons operates on its own clock. 139 days to pending reflects deliberate, high-consideration purchasing — not weakness. When buyers commit, they commit at a premium.
Aspen, CO
Neutral · Non-Metro$3.37M
Median Sale Price (City)
City median +7.1% YoY → $3,372,500
- For-Sale Inventory84 active listings
- New Listings14 this period
- Homes Sold15 (extreme scarcity)
- ZHVI Typical Value$3,535,613 · +5.9% YoY
- City DOM124 days
- MoM Price Change−0.8%
- Metro Zillow DataNot published
Ultra-Luxury Scarcity Market
Aspen's median home value of $3,535,613 (up 5.9% YoY) reflects structural scarcity. With only 14 new listings and 15 sales, this market moves on relationships, not listings.
San Francisco, CA
Very Hot$1.69M
Broad Market Median Sale Price
Broad market median +19.0% YoY → $1,687,500
- Days to Pending13 ← Fastest
- % Sales Over List59% ← Highest
- Sale-to-List Ratio1.029
- ZHVI Typical Value$1,356,662 · +5.0% YoY
- Metro Luxury ZHVI$1,987,890 · −0.3% YoY
- For-Sale Inventory880 units
Extreme Seller's Market
The fastest market in this report: 13-day average to pending, 59% of sales closing above list price. SF's luxury tier is experiencing a demand surge with multi-offer conditions standard.
Santa Barbara, CA
Hot$3.35M
Sample Luxury Median List ($2M+ Houses)
Broad market median −9.6% YoY → $2,017,500
- Active $2M+ Listings159 · +0.6% MoM
- Price Range$2.0M – $12.5M
- Days to Pending22 days ← Fast
- ZHVI Typical Value$1,834,095 · +1.5% YoY
- Metro Luxury ZHVI$2,280,283
- % Sales Over List17.1%
Fast-Moving Luxury Corridor
Santa Barbara's 22-day pending average and 159 active luxury listings make it one of California's most active luxury corridors — brisk velocity despite a softening headline price.
Los Angeles, CA
Hot$1.03M
Broad Market Median Sale Price
Broad market median −5.5% YoY → $1,025,000
- MoM Price Change+2.5%
- Days to Pending35 days
- % Sales Over List33.2%
- Sale-to-List Ratio0.989
- ZHVI Typical Value$952,183 · −1.4% YoY
- Metro Luxury ZHVI$1,677,326 · +0.5% YoY
- For-Sale Inventory7,033
Recovering — Buyer Urgency Returning
Despite the headline YoY softness, LA's +2.5% MoM price recovery and 33.2% above-list transaction rate signal renewed buyer urgency in the $1M–$3M tier.
New York, NY
Very Hot$0.87M
Broad Market Median Sale Price
Broad market median +5.3% YoY → $868,750
- Days to Pending79 days
- % Sales Over List32.2%
- Sale-to-List Ratio0.983
- ZHVI Typical Value$812,861 · +4.5% YoY
- Metro Luxury ZHVI$1,207,029 · +4.6% YoY
- For-Sale Inventory14,723
- New Listings3,167
Seller's Market — Rising Luxury Values
Manhattan's luxury market is classified Very Hot with the metro luxury ZHVI up 4.6% YoY. With 14,723 units for sale citywide, selection is ample — but strong buyers move fast.
Dallas, TX
Hot$0.50M
Broad Market Median Sale Price
Broad market median +14.7% YoY → $499,000
- Days to Pending41 days
- % Sales Over List12.2%
- Sale-to-List Ratio0.973
- ZHVI Typical Value$309,421 · −3.6% YoY
- Metro Luxury ZHVI$621,467 · −3.1% YoY
- For-Sale Inventory4,689
- Price Drop Rate31.6%
Two-Speed: Hot Broad / Soft Luxury
Dallas leads Texas in transaction velocity with a 41-day pending average and 14.7% median price growth YoY — a Hot market offering strong value entry for luxury buyers targeting the $2M–$5M tier.
Houston, TX
Warm$3.43M
Sample Luxury Median List ($2M+ Houses)
Broad market median −2.8% YoY → $345,000
- Active $2M+ Listings233 · −0.9% MoM
- Price Range$2.0M – $10.75M
- Days to Pending46 days
- ZHVI Typical Value$264,336 · −2.9% YoY
- Metro Luxury ZHVI$525,983
- % Sales Over List12.0%
Stable Upper-Tier · Energy & International Demand
Houston's 233 active luxury listings and $3,425,000 sample median signal a healthy upper-tier market despite broad softness. Energy sector demand and international buyer interest keep the $2M+ tier moving.
Atlanta, GA
Warm$0.44M
Broad Market Median Sale Price
Broad market median −3.3% YoY → $440,000
- Days to Pending61 days
- % Sales Over List14.8%
- Sale-to-List Ratio0.979
- ZHVI Typical Value$385,599 · −3.8% YoY
- Metro Luxury ZHVI$636,216 · −1.2% YoY
- Price Drop Rate29.5%
Softening — Corporate Relocation Tailwind
Atlanta's market is softening modestly across both price and values, yet remains a Warm market with 14.8% above-list closings. The luxury tier benefits from continued corporate relocation demand.
Las Vegas, NV
Warm$0.45M
Broad Market Median Sale Price
Broad market median −0.4% YoY → $448,000
- Days to Pending44 days
- % Sales Over List16.7%
- Sale-to-List Ratio0.985
- ZHVI Typical Value$426,583 · −2.7% YoY
- Metro Luxury ZHVI$628,202 · −1.8% YoY
- For-Sale Inventory8,252
Accessible Pricing · California-Exodus Demand
Las Vegas offers one of the largest for-sale inventory pools tracked (8,252 units) at still-accessible price points. The luxury corridor in Henderson and Summerlin continues to attract California exodus buyers.
Maui, HI
Cool$1.02M
Broad Market Median Sale Price
Broad market median +6.4% YoY → $1,021,000
- For-Sale Inventory63 active listings
- New Listings12 this period
- Homes Sold15 (limited volume)
- City DOM157 days ← Slowest
- MoM Price Change+2.1%
- ZHVI Typical Value$1,035,498 · −4.7% YoY
- Metro Luxury ZHVI$1,701,252
Buyer's Market — Post-Wildfire Recalibration
Maui's 157-day average and ZHVI softening reflect post-wildfire market recalibration. However, the metro luxury ZHVI of $1,701,252 and +6.4% YoY median growth confirm enduring island premium.
Honolulu, HI
Warm$0.61M
Broad Market Median Sale Price
Broad market median +7.1% YoY → $605,000
- Days to Pending56 days
- % Sales Over List12.1%
- Sale-to-List Ratio0.973
- ZHVI Typical Value$768,465 · +0.3% YoY
- Metro Luxury ZHVI$1,394,227 · +1.1% YoY
- For-Sale Inventory2,201
Balanced · Stable Luxury Condo Demand
Honolulu's metro luxury ZHVI of $1,394,227 (+1.1% YoY) and 56-day pending timeline reflect a stable Warm market. Luxury condos in Kakaako and Ala Moana remain the primary $2M+ driver.
* Hamptons 693.1% YoY is a statistical artifact of 3 total March closings vs. low prior-year base — not a genuine appreciation signal. † Maui count reflects Kahului city limits only. Source: Redfin city pages and Zillow Research CSVs, March 2026.
